2201Political ScienceMedium
Which one of the following criticism levelled against the classical theory of development is not correct?
ANone of the above
BIt failed to adequately analyze the problem of maintaining aggregate demand
CIt underestimated the possibility of technological progress
DIt attached too much importance to the role of technology in development
Correct answer
D. It attached too much importance to the role of technology in development
Explanation
The correct answer is It attached too much importance to the role of technology in development.